Analysts expect that Orion Energy Systems, Inc. (NASDAQ:OESX) will announce sales of $16.99 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Orion Energy Systems’ earnings. The lowest sales estimate is $15.97 million and the highest is $18.00 million. Orion Energy Systems reported sales of $17.26 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The firm is expected to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Orion Energy Systems will report full year sales of $61.94 million for the current year, with estimates ranging from $60.50 million to $63.37 million. For the next fiscal year, analysts forecast that the firm will report sales of $72.36 million, with estimates ranging from $65.00 million to $79.71 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Orion Energy Systems.
Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Tuesday, November 13th. The electronics maker reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $13.20 million during the quarter, compared to the consensus estimate of $15.44 million. Orion Energy Systems had a negative return on equity of 36.26% and a negative net margin of 13.52%.
Several analysts have issued reports on OESX shares. Roth Capital decreased their price target on shares of Orion Energy Systems from $1.00 to $0.85 and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. HC Wainwright set a $2.00 price target on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Finally, Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th.
NASDAQ OESX opened at $0.80 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.91 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $22.47 million, a price-to-earnings ratio of -2.11 and a beta of 0.75. Orion Energy Systems has a 52-week low of $0.70 and a 52-week high of $1.25.
A hedge fund recently raised its stake in Orion Energy Systems stock. Renaissance Technologies LLC grew its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,071,400 shares of the electronics maker’s stock after purchasing an additional 67,200 shares during the period. Renaissance Technologies LLC owned about 3.64% of Orion Energy Systems worth $1,179,000 as of its most recent SEC filing. 41.03% of the stock is owned by hedge funds and other institutional investors.
About Orion Energy Systems
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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